Dimensional Fund Advisors LP Has $349.10 Million Stock Holdings in AvalonBay Communities, Inc. $AVB

Dimensional Fund Advisors LP grew its position in AvalonBay Communities, Inc. (NYSE:AVB) by 1.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,137,158 shares of the real estate investment trust’s stock after purchasing an additional 28,741 shares during the quarter. Dimensional Fund Advisors LP’s holdings in AvalonBay Communities were worth $349,098,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Auto Owners Insurance Co grew its stake in AvalonBay Communities by 18,031.0% in the 4th quarter. Auto Owners Insurance Co now owns 11,785,150 shares of the real estate investment trust’s stock valued at $213,677,000 after buying an additional 11,720,150 shares during the last quarter. Norges Bank acquired a new position in AvalonBay Communities during the 4th quarter worth $1,394,635,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in AvalonBay Communities by 15,065.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,801,071 shares of the real estate investment trust’s stock valued at $326,552,000 after acquiring an additional 1,789,195 shares during the period. Bank of America Corp DE boosted its holdings in AvalonBay Communities by 76.0% during the third quarter. Bank of America Corp DE now owns 2,355,838 shares of the real estate investment trust’s stock valued at $455,077,000 after acquiring an additional 1,017,286 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of AvalonBay Communities by 22.4% in the fourth quarter. JPMorgan Chase & Co. now owns 5,159,950 shares of the real estate investment trust’s stock valued at $935,551,000 after purchasing an additional 944,129 shares during the last quarter. 92.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Royal Bank Of Canada lifted their price objective on AvalonBay Communities from $180.00 to $188.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 29th. Weiss Ratings restated a “hold (c)” rating on shares of AvalonBay Communities in a research note on Monday, July 6th. Scotiabank raised their target price on AvalonBay Communities from $187.00 to $195.00 and gave the company a “sector perform” rating in a report on Thursday, July 9th. Truist Financial lifted their price target on AvalonBay Communities from $201.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Finally, Wall Street Zen raised AvalonBay Communities from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Three analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $196.80.

AvalonBay Communities Stock Performance

NYSE AVB opened at $190.71 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a market capitalization of $27.09 billion, a price-to-earnings ratio of 27.64, a P/E/G ratio of 3.34 and a beta of 0.77. The company’s fifty day moving average is $187.09 and its two-hundred day moving average is $179.23. AvalonBay Communities, Inc. has a 52-week low of $160.10 and a 52-week high of $204.68.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.80 by ($0.47). The company had revenue of $770.28 million for the quarter, compared to the consensus estimate of $768.80 million. AvalonBay Communities had a return on equity of 9.56% and a net margin of 37.21%.During the same quarter in the previous year, the firm posted $2.83 EPS. Equities research analysts forecast that AvalonBay Communities, Inc. will post 11.28 EPS for the current year.

AvalonBay Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $1.78 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $7.12 dividend on an annualized basis and a dividend yield of 3.7%. AvalonBay Communities’s dividend payout ratio (DPR) is currently 103.19%.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.